Which of the following is an example of a firm's derived demand?
a. The wage that a worker earns is a function of her human capital.
b. A firm's demand for college textbook study guide authors is inseparably linked to the supply of college textbooks.
c. Factors that increase the demand for labor will increase the equilibrium wage.
d. All of the above are correct.
b
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Several studies in the 1990s concluded that the consumer price index overstated inflation by about
a. 3 percentage points per year, and that number of percentage points likely still applies now. b. 3 percentage points per year, but recent improvements to the CPI probably have reduced the overstatement of inflation to something less than 3 percentage points. c. 1 percentage point per year, and that number of percentage points likely still applies now. d. 1 percentage point per year, but recent improvements to the CPI probably have reduced the overstatement of inflation to something less than 1 percentage point
ABC Hospital's scores in the top 5% of PA Hospitals for quality performance by December 2018.
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